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Cash Minerals is a Canadian-based company focused on uranium exploration in the Wernecke District of the Yukon Territory, Canada. This district includes numerous highly prospective uranium targets, which are currently being explored by the Company. Large-scale exploration was conducted in 2005 and 2006, which included extensive drilling at the Lumina and Igor properties. Initial positive results have encouraged the Company to continue drilling in 2007, with a primary objective of defining a uranium resource.
Cash Minerals’ internal team of highly specialized geologists, its strong operational group and the company’s financial status, have allowed the company to execute year-over-year expanded drill exploration programs, which has culminated in the company aiming to define a resource at the Igor and Lumina properties. In addition to the Lumina and Igor properties, Cash Minerals has a mix of properties at various stages in the exploration process. This well-balanced portfolio is comprised of properties at the grassroots, mature exploration and resource-definition stages.
Uranium Exploration
Currently, Cash Minerals’ uranium exploration program focuses on the Wernecke Uranium District, Yukon Territory. The company has a portfolio of 22 properties in the Wernecke Uranium District, which is under a 50-50% option agreement with joint-venture partner Mega Uranium Ltd. Under this agreement, Cash Minerals has the ability to earn a 75% interest in one or more of these properties. These properties comprise of iron-oxide-copper-gold-uranium (IOCG-U) and structurally controlled high-grade uranium prospects.
In April 2007, Cash Minerals announced that it had entered into an arrangement with Signet Minerals Inc. to acquire three highly prospective uranium properties. Upon completion of this transaction, these properties – Curie (Yukon), Murphy (Yukon) and Aura (BC) – will be wholly owned by Cash Minerals.
The Central Mineral Belt, Labrador is a well-recognized district for uranium exploration. In early 2007, Cash Minerals entered an agreement with Cornerstone Capital Resources, which allows Cash Minerals to earn a majority interest in the Aillik uranium property and to be the operator of the program. Cash Minerals plans to conduct grassroots exploration and drilling on this property in 2007.
The key to balanced growth for any exploration company is having quality projects in each stage of exploration. As exploration progress for mature properties, highly prospective grassroots targets move up the ladder fueling future exploration growth.
Other Projects
Cash Minerals is engaged in exploring and developing coal properties in southwest Yukon Territory. The company's Division Mountain project has a measured resource of 52.5 million tonnes of high Volatile "B" Bituminous coal. The potential exists to provide this coal as feedstock for a mine-mouth power station.
In addition, Cash Minerals is currently investigating opportunities in China to use Fischer-Tropsch technology to produce clean-burning alternative fuels from coal. The outlook for alternative fuels is extremely positive. Products produced from coal would include high quality sulphur-free gasoline, diesel/distillate fuel and propane.
Yukon Territory, Canada
China
| Stan Bharti | Chairman of the Board |
| Gregory Duras | President and Chief Executive Officer, Director |
| Dr. Michael Carew | Chief Geologist |
| Wen Ye | Chief Financial Officer, Director |
| Salisha Hosein | Manager, Investor Relations |
| Patrick Gleeson | Corporate Secretary |
| Basil Botha | Director and Consultant |
| William Clarke | Director |
| Andy Rickaby | Director |
| Peter Rowlandson | Director |
Company Address1890-1066 West Hastings Street
|
Additional Address/Key ContactRegistered Office |
CapitalShares Outstanding: 66.8M Fully Diluted: 82.2M |
Annual General MeetingJune | Year EndDecember 31 |
| Institutional ownership | ~40% |